{"product_id":"macroeconomics","title":"Macroeconomics","description":"\u003cp\u003eThe distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics. This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behaviour and policy issues. The authors introduce a new graphical model (IS\/PC\/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. The three equations are  BL the IS\n\u003cbr\u003ecurve BL the Phillips curve and BL an interest rate-based monetary policy rule. The use of a common framework throughout for closed and open economies helps readers develop the\n\u003cbr\u003eeconomic intuition with which to address a diversity of macroeconomic problems. Applied chapters show how the models can be used to analyse performance in OECD economies over the past twenty-five years. The chapters on growth present an in-depth coverage of the Solow-Swan, endogenous and Schumpeterian models that allow the reader to understand how these approaches can be used to answer the big questions of growth: why some countries are rich and others, poor; why some catch up and others do\n\u003cbr\u003enot.  Since the book is based on the mainstream 3-equation model used at the research frontier, the book gives students the economics background necessary for accessing advanced\n\u003cbr\u003emacroeconomics. It is also designed to appeal to graduate students, non-specialists in macroeconomics, professional economists and those from related disciplines who want a guide to the complexities of modern macroeconomics and to understand contemporary policy debates.   Online Resource Centre For lecturers: password-protected solutions and diagrams from the text.  For students: exercises and\n\u003cbr\u003echecklist questions.\u003c\/p\u003e","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":44156201992430,"sku":"9780198776222","price":110.54,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/9780198776222.jpg?v=1683540473","url":"https:\/\/bookland.com.au\/products\/macroeconomics","provider":"Book Land AU","version":"1.0","type":"link"}